Pilani Investment And Industries Corporation Limited (PILANIINVS) AI Stock Analysis

• Market Cap: ₹52.81B
• Dividend Yield: 0.29%
• Average Volume (3M): 689.00
• Price to Earnings (P/E): ―
• Beta (1Y): 1.71
• Revenue Growth: -8.75%
• EPS Growth: -85.31%
• Country: IN
• Employees: 8
• Sector: General
• Sector Strength: N/A
• Industry: Asset Management
• EPS (TTM): -13.00
• Shares Outstanding: 11,072,250
• 10 Day Avg. Volume: 1,132
• 30 Day Avg. Volume: 689
• PEG Ratio: -1.12
• Price to Book (P/B): 0.28
• Price to Sales (P/S): 14.97
• P/FCF Ratio: 6.92
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 63 Neutral
• Price Target: ₹4,734.00 ▼(-8.71% Downside)
• Action: Reiterated Date: 11/01/25
• Date: Action: Reiterated 11/01/25

The overall stock score is primarily influenced by strong financial performance, characterized by robust revenue growth, high margins, and low leverage. However, the high P/E ratio suggests overvaluation, and technical indicators point to a bearish trend, which tempers the overall score.

Positive Factors

Low leverage

A very low debt-to-equity ratio and high equity ratio give the company durable financial flexibility. As an investment holding firm this reduces refinancing and solvency risk, enabling opportunistic investments or sustained distributions during market volatility over the next 2-6 months.

Very high operating margins

Extremely high gross and EBIT margins reflect the holding company model with minimal operating expenses, producing persistent profitability. These margins provide a durable earnings buffer that supports reinvestment, cash returns, or absorbing portfolio valuation swings over several months.

Strong cash generation

Material improvement to positive operating cash flow and a high free-cash-flow to net-income ratio indicate sustainable cash generation beyond accounting profits. This strengthens the firm's ability to fund investments, dividends or opportunistic buys without increasing leverage in the medium term.

Negative Factors

Concentrated investment model

Operating chiefly as a holding company concentrates earnings on dividends, interest and capital gains from investees. That structural dependence makes revenue and cash flow sensitive to peers' payout policies and market cycles, raising persistent earnings volatility risk over months.

Weak returns on equity

A ROE near zero signals the company is generating minimal profit from its equity base. Persistently low ROE limits internal capital growth, curtails the ability to compound shareholder value, and indicates that asset deployment has underperformed, a durable governance and allocation concern.

Recent revenue and EPS contraction

Negative revenue and a near-100% EPS decline point to pronounced earnings volatility or one-off losses. For a holding company reliant on investment returns, such swings can reflect realizations or dividend reductions, creating uncertainty in recurring income and cash available for returns.

Pilani Investment And Industries Corporation Limited Business Overview & Revenue Model

Company Description

Pilani Investment and Industries Corporation Limited, a non-banking financial company, engages in the investment and financing activities in India. The company was incorporated in 1948 and is based in Kolkata, India.

How the Company Makes Money

The company makes money mainly from returns generated on its investment portfolio. Key revenue streams typically include (1) dividend income received from equity investments/holdings in investee companies, (2) interest income from debt investments and/or inter-corporate deposits/loans if and when such instruments are used, and (3) realized gains (or losses) from the sale of investments, i.e., profit on disposal of shares or other securities. In addition, it may record other investment-related income such as amortization/discount accretion on certain securities, though specific line items depend on its audited financial statements. Because it operates primarily as a holding/investment company, its earnings are largely influenced by the performance, dividend policies, and market valuations of the companies it invests in, as well as capital markets conditions that affect the timing and magnitude of realized gains. Specific significant partnerships or customer contracts are not publicly identifiable from the information provided here; null.

Pilani Investment And Industries Corporation Limited Financial Statement Overview

Summary

Pilani Investment And Industries Corporation Limited exhibits strong financial health with robust revenue growth and profitability, low leverage, and improving cash flows. High margins and low debt levels are significant strengths. However, variability in net income and cash flow improvements require monitoring.

Income Statement

Pilani Investment And Industries Corporation Limited has demonstrated strong revenue growth with a 4.74% increase in the most recent year. The company maintains high margins, with a Gross Profit Margin of 98.16% and an EBIT Margin of 95.83%. However, Net Profit Margin has decreased from previous levels due to a lower net income in 2025. Overall, the income statement reflects robust profitability and efficient cost management.

Balance Sheet

The company's balance sheet is strong with a Debt-to-Equity Ratio of 0.12, indicating low leverage. The Equity Ratio is also healthy at 82.73%, showcasing financial stability. Return on Equity (ROE) has decreased to 0.62% due to reduced net income, impacting overall returns. Nonetheless, the company maintains a solid equity base and low debt, reflecting sound financial management.

Cash Flow

Operating cash flow has significantly improved, turning positive to 6,498.97 million in 2025 from negative figures in prior years, indicating better cash management. The Free Cash Flow to Net Income ratio is 6.59, suggesting substantial free cash generation relative to net income. However, the Free Cash Flow Growth Rate is high due to previous negative values, which may not be sustainable. Overall, cash flows are improving but warrant cautious optimism.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	2.94B	3.00B	2.85B	2.78B	2.57B	1.99B
Gross Profit	2.87B	2.95B	2.82B	2.77B	2.56B	1.97B
EBITDA	2.65B	2.93B	2.76B	2.73B	2.51B	1.92B
Net Income	289.71M	984.83M	1.66B	2.46B	2.01B	966.59M
Balance Sheet
Total Assets	207.80B	193.17B	164.49B	124.16B	127.11B	110.50B
Cash, Cash Equivalents and Short-Term Investments	60.10M	483.91M	474.57M	422.14M	365.88M	242.41M
Total Debt	22.28B	19.37B	9.49B	7.36B	10.66B	8.10B
Total Liabilities	37.87B	33.37B	18.42B	12.47B	16.08B	12.01B
Stockholders Equity	169.92B	159.80B	146.07B	111.69B	111.02B	98.49B
Cash Flow
Free Cash Flow	-3.17B	6.49B	-309.44M	4.17B	-1.00B	-4.42B
Operating Cash Flow	-3.17B	6.50B	-309.24M	4.17B	-1.00B	-4.42B
Investing Cash Flow	275.41M	-16.48B	-912.62M	-84.76M	-760.80M	1.21B
Financing Cash Flow	2.75B	9.72B	1.22B	-4.12B	1.81B	3.18B

Pilani Investment And Industries Corporation Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 5185.95
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PILANIINVS, the sentiment is Positive. The current price of 5185.95 is above the 20-day moving average (MA) of 4500.61, above the 50-day MA of 4640.37, and above the 200-day MA of 5087.83, indicating a neutral trend. The MACD of -50.84 indicates Negative momentum. The RSI at 59.62 is Neutral, neither overbought nor oversold. The STOCH value of 57.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:PILANIINVS.

Pilani Investment And Industries Corporation Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PILANIINVS	63 Neutral	₹52.81B	-100.46	―	0.29%	-8.75%	-85.31%
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
RTNINDIA	55 Neutral	₹38.39B	-8.82	―	―	8.57%	-158.63%